City of Peoria - File #: 14-214

• File #: 14-214
• Version: 2
• Name: Levying SSA Taxes - Louisville Slugger Sports Complex
• Type: Ordinance
• Status: Adopted
• File created: 5/20/2014
• In control: City Council
• On agenda: 10/27/2015
• Final action: 10/27/2015
• Title: Communication from the City Manager with a Request to ADOPT the following ORDINANCES LEVYING Certain TAXES in Conjunction with the LOUISVILLE SLUGGER SPORTS COMPLEX SPECIAL SERVICE AREAS (Revised Ordinances): A. An ORDINANCE Levying a PROPERTY TAX for the PEORIA SPORTS CENTER PROPERTY TAX SPECIAL SERVICE AREA; B. An ORDINANCE Levying a HOTEL TAX for the PEORIA SPORTS CENTER HOTEL TAX SPECIAL SERVICE AREA; C. An ORDINANCE Levying a SALES TAX for the PEORIA SPORTS CENTER SALES TAX SPECIAL SERVICE AREA; D. An ORDINANCE Levying a PROPERTY TAX for the HOLIDAY INN PROPERTY TAX SPECIAL SERVICE AREA; E. An ORDINANCE Levying a HOTEL TAX for the HOLIDAY INN HOTEL TAX SPECIAL SERVICE AREA; F. An ORDINANCE Levying a SALES TAX for the HOLIDAY INN SALES TAX SPECIAL SERVICE AREA.
• Indexes: Goal 2 - Safe Peoria, Grow employers and jobs.

Date	Ver.	Action By	Action	Result
10/27/2015	2	City Council	adopted	Pass
10/27/2015	2	City Council	adopted	Pass
10/27/2015	2	City Council	adopted	Pass
10/27/2015	2	City Council	adopted	Pass
10/27/2015	2	City Council	adopted	Pass
10/27/2015	2	City Council	adopted	Pass
10/20/2015	2	City Council	deferred	Pass
10/13/2015	2	City Council	removed from the Table	Pass
10/13/2015	2	City Council	deferred	Pass
7/22/2014	1	City Council	tabled	Pass
7/8/2014	1	City Council	deferred	Pass
6/24/2014	1	City Council	deferred	Pass
5/27/2014	1	City Council	deferred	Pass

ACTION REQUESTED:
Title
Communication from the City Manager with a Request to ADOPT the following ORDINANCES LEVYING Certain TAXES in Conjunction with the LOUISVILLE SLUGGER SPORTS COMPLEX SPECIAL SERVICE AREAS (Revised Ordinances):

A. An ORDINANCE Levying a PROPERTY TAX for the PEORIA SPORTS CENTER PROPERTY TAX SPECIAL SERVICE AREA;

B. An ORDINANCE Levying a HOTEL TAX for the PEORIA SPORTS CENTER HOTEL TAX SPECIAL SERVICE AREA;

C. An ORDINANCE Levying a SALES TAX for the PEORIA SPORTS CENTER SALES TAX SPECIAL SERVICE AREA;

D. An ORDINANCE Levying a PROPERTY TAX for the HOLIDAY INN PROPERTY TAX SPECIAL SERVICE AREA;

E. An ORDINANCE Levying a HOTEL TAX for the HOLIDAY INN HOTEL TAX SPECIAL SERVICE AREA;

F. An ORDINANCE Levying a SALES TAX for the HOLIDAY INN SALES TAX SPECIAL SERVICE AREA.

Body
On February 11, 2014, the City Council approved the First Amendment to the Annexation Agreement (originally between the City, Chambers family and other third parties and dated September 7, 1999) that outlined certain zoning changes and financial commitments in regards to the Louisville Slugger Sports Complex. That agreement requires that the City create Special Service Areas (SSA) in conjunction with the construction and opening of the Sports Complex and Holiday Inn and Suites. These SSAs were created by ordinances acted upon earlier on the May 27, 2014 City Council agenda. The ordinances were tabled at the July 22, 2014 Council meeting.

This set of ordinances levies the taxes outlined in the SSA ordinances. For both the Peoria Sports Complex SSAs and Holiday Inn SSAs, the hotel tax will increase by 3% (from 6% to 9%) and the retail sales tax will increase by 1% (from 8.25% to 9.25%). Both of these taxes will go into effect on November 1, 2015. The last set of ordinances establish the additional property tax levy, but that levy will not be set until near the end of 2015 when such levies are normally set. Please note that these ordinances...